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20110707
20110707
Search Results 0 to 2 of about 3 (some duplicates have been removed)
and drink. jon: chasing away the elephants. >> reporter: "america live" starts right now. martha: indeed it does, thank you very much. we start with this fox news alert. this is "america live" i'm in for megyn kelly, i'm martha maccallum. we have just learned that president obama is going to speak in under two minutes. he has just been in very high level meetings about the debt ceiling. we are waiting for a briefing from the white house. wendell goler is standing by, he's been watching this process. we are starting to hear a little bit of what came out of the meeting. what can we expect a couple minutes from now. >> reporter: i expect the president will say there was progress made in the meeting with democrat and republican leaders of the house and senate, though he's unlikely to detail the progress. the only comments made at the start of that meeting were about the sandstorm in phoenix. the president put social security on the table today in an effort to cut up the $4 trillion from the deficit. republicans are saying they are considering tax loop hopes closing loopholes but they
. abc's jon karl joins us from washington. all talks secret up until now. what more do we know about what president obama and the speaker of the house have been discussing. >> reporter: a big deal here, george. as you mentioned, this would mean that the president would go along with reductions in spending to social security and medicare, most likely cost of living increases going down and in exchange republicans would accept some increase in tax revenues as part of an overhaul of the tax code. as one top administration told me, we need to do something unthinkable on entitlements. they need to do something unthinkable on tacks. >> unthinkable may be the word. these talks have been going on between the president and speaker boehner but there hasn't been a lot of discussion among a wider conferences in the house and the senate democrats and republicans and i guess the big question coming out of today's meeting, when other leaders find out about it, is it something they can work with and is it something that will fly? >> reporter: a great question. boehner and the president may be able t
Search Results 0 to 2 of about 3 (some duplicates have been removed)